China Technology Industry Group Ltd. Provides Update on Proposed Acquisition Amid Ongoing Listing Review
Reuters
Oct 01
China Technology Industry Group Ltd. Provides Update on Proposed Acquisition Amid Ongoing Listing Review
China Technology Industry Group Limited has provided an update regarding its proposed acquisition. The company acknowledged that the transaction may result in the listing of the target group. However, it was noted that the power station involved in the acquisition only began operations in July 2024, meaning the target group does not yet have the required financial track record. The company stated that further announcements will be made as appropriate. The update was issued by China Technology Industry Group Limited.
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